Greenbrier Q3 2022 Earnings Report
Key Takeaways
Greenbrier reported net earnings of $3.1 million, or $0.09 per diluted share, on revenue of $794 million. The company's new railcar backlog reached its highest value in six years at $3.6 billion, and lease fleet utilization remained high at 98%.
New railcar orders totaled 5,000 units valued at $670 million, with deliveries of 5,200 units, resulting in a book-to-bill of nearly 1.0x.
The new railcar backlog as of May 31, 2022, was 30,900 units, valued at $3.6 billion.
Lease fleet utilization was maintained at 98%.
Quarter end liquidity of $535 million, including $450 million in cash.
Greenbrier
Greenbrier
Greenbrier Revenue by Segment
Forward Guidance
Based on current business trends and production schedules for fiscal 2022, Greenbrier expects deliveries of 18,500 – 19,500 units, Selling & administrative expense to be $210 - $215 million and Capital expenditures will be approximately $310 million in Leasing & Management Services, $50 million in Manufacturing and $10 million in Maintenance Services.
Positive Outlook
- Deliveries of 18,500 – 19,500 units including approximately 1,500 units in Greenbrier-Maxion (Brazil).
Challenges Ahead
- Selling & administrative expense to be $210 - $215 million.
- Capital expenditures will be approximately $310 million in Leasing & Management Services, $50 million in Manufacturing and $10 million in Maintenance Services.
Revenue & Expenses
Visualization of income flow from segment revenue to net income